Jamie Leinhardt
๐Ÿ”ธ ๐— ๐—ข๐—ก๐—ง๐—›๐—Ÿ๐—ฌ ๐—จ๐—ฃ๐——๐—”๐—ง๐—˜ ๐Ÿ”ธ ๐— ๐—ผ๐—ป๐˜๐—ต ๐Ÿญ๐Ÿณ โ€“ ๐—ฆ๐—ฒ๐—ฝ๐˜๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ Our portfolio declined this month, although it did outperform our benchmark, the S&P 500 ($SPX500) as well as the Nasdaq 100 ($NSDQ100). Interest rates continue to increase, and further increases are expected, along with fears of a recession. The outlook still looks bleak and weโ€™re in the middle of a bear market, so I wouldnโ€™t expect any sustained bounces. Iโ€™m sure weโ€™ll see some sharp rallies in stocks though, as this is not unusual during bear markets. There were no changes to the portfolio during month. AMD and Nvidia were our largest detractors. Our large tech stocks, Google and Microsoft, also performed poorly. This isnโ€™t surprising given the performance of the Nasdaq (down over 10% this month) Fortinet and Diageo were our only blue stocks in September. September performance: Performance of our portfolio: -8.64% ๐Ÿ”ด Performance of the ๐—ฆ&๐—ฃ ๐Ÿฑ๐Ÿฌ๐Ÿฌ: -9.34% ๐Ÿ”ด Performance of the ๐—ก๐—”๐—ฆ๐——๐—”๐—ค ๐Ÿญ๐Ÿฌ๐Ÿฌ: -10.60% ๐Ÿ”ด ๐—Ÿ๐—ฎ๐—ฟ๐—ด๐—ฒ๐˜€๐˜ ๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€: Top contributors: FTNT, DGE.L Top detractors: $AMD (Advanced Micro Devices Inc), NVDA, $GOOG (Alphabet), $MSFT (Microsoft) Iโ€™ve included a chart displaying the current composition of the portfolio as at the end of 31st September 2022. The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php Regards, Jamie